Feil Organization Buys 22-Story Wells Fargo Center in Downtown Tampa
CBRE has arranged the sale of Wells Fargo Center, a Class A 393,649-square foot office building in Tampa, FL. The buyer is an investor group led by the Feil Organization, a division of which will manage the property.
Dale Peterson, Christian Lee, Tom Rappa, Joe Chick and Kristen McFarland Hagen of CBRE represented the seller, a joint venture among New York Life Real Estate Investors, Feldman Equities and Tower Realty Partners.
“The property’s exceptional quality and position within our best submarket allowed us to successfully execute this sale in light of the turmoil in the capital markets and in a rising interest rate environment.” said Peterson. “The Downtown Tampa submarket continues to see robust office leasing activity and strong rent growth which continues to fuel investor demand.”
Since its construction in 1985, Wells Fargo Center has received over $8.4 million in capital improvements. The 22-story, LEED Gold certified building is 93% leased.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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